A weakening local and regional market could spur more Chinese investors to look at foreign markets for opportunities this year. International property firm Jones Lang LaSalle predicts that Chinese investors are likely to buy $20 billion worth of properties overseas in 2015, up 21% year-on-year. Chinese overseas investment in real estate was nearly $16.5 billion... Read more
By Livian Lin Up until 2013, luxury property prices in Bali enjoyed 22% growth against the Asia Pacific average of 13.5%. Recently, however, the holiday hotspot in Indonesia has strained relations with its most frequent guest, Australia. Has this, along with the ongoing economic slowdown in Europe, affected its... Read more
By Roznah Abdul Jabbar Offices in three main cities in Asia – Hong Kong, Singapore and Tokyo top the chart as the most expensive, according to Knight Frank Asia Pacific’s Global Capital Markets Q1 2015 report. Of the three, Hong Kong is the most expensive, priced more than twice the rate of prime commercial properties... Read more
No shying away from GST impact
By Dr Daniele Gambero Amidst the hue and cry, the Goods and Services Tax (GST) took off. Still in its infancy, the full impact has yet to be seen though some have started feeling the pinch and are beginning to tighten their belts. In the property market, developers are... Read more
PR1MA – a great plan but…
By: HBA (National House Buyers Association) PR1MA was promised by the government as its solution to the problem of (mostly) young people not being able to afford a decent house at current prices. They may be categorised as young married couples (some may have grown old waiting for something... Read more
By Chang Kim Loong Responsible developers are few and far between, unlike the late fifties and early sixties when the field was played by bona fide entrepreneurs ruled by conscience and pride in their workmanship. Coupled with timely delivery, quality and affordable houses were their hallmarks. In contrast, the... Read more
By Ernest Cheong One month after the implementation of the Goods and Services Tax (GST) on April 1, we are beginning to see its possible effects on consumer spending and property prices and how these may adversely impact the Malaysian economy at this critical stage when the economy is entering a recession. There is a perception... Read more
GST poses minimal impact on transactions
By Ernest Cheong On March 19, 2015, the Rehda Property Industry Survey Second Half 2014 was revealed. According to the survey by the Real Estate and Housing Developers’ Association (Rehda), one of the factors for the cooling of the property market in Malaysia is the impending implementation of the... Read more
The looming economic pain in 2015
By Ernest Cheong KUALA LUMPUR — In a Reuters report released on Jan 21, 2015 entitled Red lights blinking on Malaysia, it was reported that falling oil prices have driven Malaysia’s current account into a deficit and forced the Government to review its 2015 Budget tabled in 2014. According to Reuters,... Read more
Mah Sing Group Berhad presented its Group strategy, financial updates, key projects updates and the property industry’s macro outlook during a press briefing at the 11th Invest Malaysia 2015 (IMKL) here. The group emerged as the biggest listed property developer by domestic sales value in Malaysia in 2014, charting... Read more